CHARTER WEST NATIONAL BANK in West Point, Nebraska (NE)



Show street view No street view available for this location

CHARTER WEST NATIONAL BANK routing number info

Table of contents:
CHARTER WEST NATIONAL BANK
GeneralFDIC Certificate #: 26185
Status: Active
Federal Reserve ID: 582953
Bank Holding Company (Regulatory Top Holder): Nationwide Bankshares, Inc. (RSSDID: 1132579, Location: West Point, NE)
Date Established: April 01, 1985
WWW: http://www.charterwest.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 12827
FDIC's unique #: 32472
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: April 01, 1985
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 201 South Main Street, West Point, NE 68788
County: Cuming
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Omaha
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $180.5 mil
Equity capital: $17.5 mil
Deposits held in domestic offices: $150.5 mil
Return on assets (ROA): 1.90% ($3.4 mil)
Quarterly return on assets: 2.37% ($4.3 mil)
Return on Equity (ROE): 19.29% ($3.5 mil)
Quarterly return on equity: 23.91% ($4.3 mil)
Net income: $3.4 mil
Quarterly Net income: $1.1 mil
Pretax return on assets: 1.94% ($3,502.5 mil)
Quarterly Pretax return on assets: 2.45% ($4,423.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)63
Total assets$180,540
Cash and due from depository institutions$7,196
Interest-bearing balances$2,356
Securities$25,899
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$133,261
Loan loss allowance $1,928
Trading account assets$0
Bank premises and fixed assets$4,556
Other real estate owned$3,360
Goodwill and other intangibles$616
All other assets$5,652
Life insurance assets$180,540
Total liabilities and capital$163,006
Total liabilities$150,488
Total deposits$125,957
Interest-bearing deposits$150,488
Deposits held in domestic offices$88
% insured (estimated)1549.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$7,000
Other borrowed funds $0
Subordinated debt $3,969
All other liabilities $17,534
Total equity capital$17,534
Total bank equity capital$17,534
Perpetual preferred stock$0
Common stock$500
Surplus$12,034
Undivided profits $5,000
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $13,703
Income earned, not collected on loans $2,143
Earning assets $0
Long-term assets (5+ years) $1,193
Average Assets, year-to-date $161,516
Average Assets, quarterly $6,617
Volatile liabilities $180,649
Insider loans $181,502
FHLB advances $149,409
Loans and leases held for sale $178,287
Unused loan commitments $1,821
Tier 1 (core) risk-based capital $1,821
Tier 2 risk-based capital $16,662
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $26,735
Derivatives$5,569
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,932
Total interest expense $1,584
Net interest income $6,348
Provision for loan and lease losses $67
Total noninterest income $4,886
Fiduciary activities $0
Service charges on deposit accounts $671
Trading account gains & fees $0
Additional noninterest income $4,215
Total noninterest expense $7,657
Salaries and employee benefits $4,813
Premises and equipment expense $836
Additional noninterest expense $2,008
Pre-tax net operating income $3,510
Securities gains (losses) -$3
Applicable income taxes $70
Income before extraordinary items $3,437
Extraordinary gains - net $0
Net income attributable to bank $3,437
Net charge-offs $0
Cash dividends $3,437
Sale, conversion, retirement of capital stock, net $68
Net operating income $3,400
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.97%
Cost of funding earning assets 0.99%
Net interest margin 3.98%
Noninterest income to earning assets 3.06%
Noninterest expense to earning assets 4.80%
Net operating income to assets 1.90%
Return on assets (ROA) 1.90%
Pretax return on assets 1.94%
Return on equity (ROE) 19.29%
Retained earnings to average equity (YTD only) 0.21%
Net charge-offs to loans 0.05%
Credit loss provision to net charge-offs 98.53%
Efficiency ratio52.60%
Assets per employee$68,159
Cash dividends to net income (YTD only)2.87%
Condition Ratios (%)
Loss allowance to loans 98.92%
Loss allowance to noncurrent loans 1.43%
Noncurrent assets plus other real estate owned to assets 89.97%
Noncurrent loans to loans 3.05%
Net loans and leases to deposits1.59%
Net loans and leases to core deposits 88.55%
Equity capital to assets 103.57%
Core capital (leverage) ratio 9.71%
Tier 1 risk-based capital ratio 9.35%
Total risk-based capital ratio 11.15%
Memoranda
Average assets$12
Average earning assets$180,649
Average equity $17,820
Average loans $159,515
Back to page top, Back to table top

5 Nebraska Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
032472Charter West National Bank201 South Main Street, West Point, NE 68788April 01, 1985Full Service Brick and Mortar
2277796West Point Branch141 East Grove, West Point, NE 68788January 01, 1886Limited Service Facility
33720Charter West National Bank/Pender Br610 4th Street, Pender, NE 68047January 01, 1907Full Service Brick and Mortar
4207756Main Street Branch308 Main Street, Walthill, NE 68067January 18, 2000Full Service Brick and Mortar
5426535Elkhorn Branch20041 Manderson St, Elkhorn, NE 68022Febuary 19, 2004Full Service Brick and Mortar
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with CHARTER WEST NATIONAL BANK.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.